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Daily Debrief: What Happened Today
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THE Business Times understands that the partners are targeting one of the two digital full-bank licences in Singapore that will allow it to accept deposits from retail customers.
ABOUT S$9.8 billion of the S$19 billion sum earmarked for the Research, Innovation and Enterprise 2020 (RIE2020) plan has been committed as at the end of financial year 2018, with the five-year plan on track to meet its industry project target and having already exceeded its targeted number of startups.
LEONG Wai Leng, chief financial officer of Temasek, said on Thursday morning that the dual-tranche bond offering, launched on Wednesday, was oversubscribed and attracted “strong demand from high-quality investors globally”.
THE airline had sought to remove its entire capacity commitment of 4,956 seats per week for both inbound and outbound flights on the route, citing “substantial losses”.
DBS analysts are expecting the euro to keep underperforming against the Singapore dollar, according to a research note released by the bank on Thursday.
The STI today
THE Straits Times Index, weighed down by constituents with deep exposure to the territory, eased 7.37 points or 0.2 per cent to 3,231.85.